Debt service on external debt, total in Mongolia
Mongolia: Debt service on external debt, total was 5.42 billion TDS, current US$ in 2024. ◆ Volatile
Debt service on external debt, total in Mongolia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, debt service on external debt, total in Mongolia stood at 5.42 billion TDS, current US$.
That represents a change of up 7.4% on the previous year and up 302.1% over ten years.
Over the whole period, debt service on external debt, total in Mongolia peaked at 11.24 billion TDS, current US$ in 2019 and was at its lowest, 24.06 million TDS, current US$, in 1999.
That places Mongolia 32nd out of 122 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total in Mongolia, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1992 | 67.62 million TDS, current US$ | — |
| 1993 | 25.61 million TDS, current US$ | -62.1% |
| 1994 | 44.64 million TDS, current US$ | +74.3% |
| 1995 | 52.06 million TDS, current US$ | +16.6% |
| 1996 | 52.80 million TDS, current US$ | +1.4% |
| 1997 | 62.98 million TDS, current US$ | +19.3% |
| 1998 | 31.07 million TDS, current US$ | -50.7% |
| 1999 | 24.06 million TDS, current US$ | -22.6% |
| 2000 | 41.43 million TDS, current US$ | +72.2% |
| 2001 | 46.73 million TDS, current US$ | +12.8% |
| 2002 | 53.60 million TDS, current US$ | +14.7% |
| 2003 | 289.30 million TDS, current US$ | +439.8% |
| 2004 | 42.67 million TDS, current US$ | -85.3% |
| 2005 | 45.03 million TDS, current US$ | +5.5% |
| 2006 | 50.53 million TDS, current US$ | +12.2% |
| 2007 | 57.21 million TDS, current US$ | +13.2% |
| 2008 | 79.77 million TDS, current US$ | +39.4% |
| 2009 | 124.24 million TDS, current US$ | +55.7% |
| 2010 | 240.27 million TDS, current US$ | +93.4% |
| 2011 | 248.04 million TDS, current US$ | +3.2% |
| 2012 | 1.19 billion TDS, current US$ | +379.5% |
| 2013 | 1.40 billion TDS, current US$ | +17.4% |
| 2014 | 1.35 billion TDS, current US$ | -3.5% |
| 2015 | 1.83 billion TDS, current US$ | +35.6% |
| 2016 | 1.46 billion TDS, current US$ | -20.1% |
| 2017 | 3.70 billion TDS, current US$ | +153.2% |
| 2018 | 7.66 billion TDS, current US$ | +107.1% |
| 2019 | 11.24 billion TDS, current US$ | +46.8% |
| 2020 | 2.66 billion TDS, current US$ | -76.3% |
| 2021 | 2.68 billion TDS, current US$ | +0.7% |
| 2022 | 4.00 billion TDS, current US$ | +49.4% |
| 2023 | 5.05 billion TDS, current US$ | +26.0% |
| 2024 | 5.42 billion TDS, current US$ | +7.4% |
Mongolia compared with similar countries
- Mongolia's 5.42 billion TDS, current US$ is above the median for upper middle income countries, which is 2.21 billion TDS, current US$, 2.5× the median. (52 countries reporting)
- Mongolia's 5.42 billion TDS, current US$ is above the median for East Asia & Pacific, which is 2.77 billion TDS, current US$, 2.0× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Debt service on external debt, total in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +439.8% | 53.60 million TDS, current US$ | 289.30 million TDS, current US$ |
| 2012 | +379.5% | 248.04 million TDS, current US$ | 1.19 billion TDS, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 45.11 million TDS, current US$ | 24.06 million TDS, current US$ | 67.62 million TDS, current US$ | 8 |
| 2000s | 83.05 million TDS, current US$ | 41.43 million TDS, current US$ | 289.30 million TDS, current US$ | 10 |
| 2010s | 3.03 billion TDS, current US$ | 240.27 million TDS, current US$ | 11.24 billion TDS, current US$ | 10 |
| 2020s | 3.96 billion TDS, current US$ | 2.66 billion TDS, current US$ | 5.42 billion TDS, current US$ | 5 |
Countries ranked near Mongolia
- 29 Papua New Guinea 5.88 billion TDS, current US$ compare
- 30 Kenya 5.67 billion TDS, current US$ compare
- 31 Tunisia 5.51 billion TDS, current US$ compare
- 33 Cote d'Ivoire 5.39 billion TDS, current US$ compare
- 34 Belarus 5.34 billion TDS, current US$ compare
- 35 Sri Lanka 4.81 billion TDS, current US$ compare
More external debt data for Mongolia
- IFC, private nonguaranteed 126.08 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 35.77 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0053 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 50.9 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 6.4% (2024)
- Net financial flows, IDA 5.71 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 1.62 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0002 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 6.13 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 8.0% (2024)
Frequently asked questions
- What is debt service on external debt, total in Mongolia?
- Debt service on external debt, total in Mongolia was 5.42 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, total recorded in Mongolia?
- The highest recorded value was 11.24 billion TDS, current US$ in 2019.
- What is the lowest debt service on external debt, total recorded in Mongolia?
- The lowest recorded value was 24.06 million TDS, current US$ in 1999.
- How does Mongolia rank for debt service on external debt, total?
- Mongolia ranks 32nd out of 122 countries with data for 2024.
- Is debt service on external debt, total rising or falling in Mongolia?
- Over the last ten years it is up 302.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service on external debt, total (TDS, current US$). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF. Data are in current U.S. dollars.